General Motors is halting production of the Chevy Bolt EV after a number of battery fires prompted a massive recall that has already cost the company nearly $2 billion. The automaker won’t resume making the 2022 Bolt and Bolt EUV until at least mid-September. It had initially stopped production last week because of the global chip shortage.
The recall repair process is also on hold, as GM is still waiting to get new battery modules from its supplier, South Korean conglomerate LG, that it is confident are free of defects. “We will not resume repairs or restart production until we are confident LG is producing defect free products for us,” GM spokesman Daniel Flores said in a statement to The Verge.
It’s the latest blow to one of the most…